Unleash Opportunity: Entrepreneurship Will Save America!

by – L. Richardson

We’ve been fed a lie, America. The real enemy isn’t income inequality—it’s the inequality of opportunity keeping hardworking patriots down. The global elites don’t want you to know this truth, but we’re here to expose it. The system they’ve built traps Americans in poverty while they laugh all the way to the bank. It’s time we break free from these chains and reclaim our future!

We tackle the real issues head-on in this fight for America’s soul. We’ll show you how school choice empowers families, not bureaucrats. We’ll expose the barriers of occupational licensing that need to be torn down now. We’ll celebrate the success of Opportunity Zones, designated areas that receive special tax incentives to encourage investment and economic growth and have shown promising results in revitalizing struggling communities. We’ll champion small businesses as actual job creators. Most importantly, we’ll prove why income mobility, not enforced equality, is the path to national prosperity. It’s time to embrace free market solutions and entrepreneurship to build a stronger, freer America where every patriot can thrive!

The Real Problem – Inequality of Opportunity

We’ve been sold a lie, America. The real issue isn’t income inequality—it’s the lack of opportunity keeping hardworking patriots down. This is not a problem we can afford to ignore any longer. Let’s expose the truth and reclaim our future!

The Myth of Income Inequality:

Income inequality isn’t the core issue; the lack of economic mobility is the real problem.

For decades, we’ve been told that the gap between rich and poor is our most significant economic challenge. But that’s just a smokescreen to hide the real injustice: the inequality of opportunity that’s suffocating the American Dream. The government, influenced by the global elites, is complicit in this. They don’t want you to know this, but the real problem is that hardworking Americans can’t climb the economic ladder like they used to.

Income mobility, which refers to the ability of individuals or families to improve their economic status over time, has declined in America over the past few decades [6]. This means fewer chances for our children to do better than we did. It’s not about redistributing wealth—it’s about creating opportunities for every American to build their success story.

Statistics that Matter:

Income inequality has risen by 20% since 1980, but the root cause is the lack of opportunities to increase, not the gap between rich and poor.

Let’s look at the facts the mainstream media won’t tell you. Since 1980, income inequality has indeed increased by about 20% 2. But here’s what they’re not telling you: the real issue is that Americans’ chances of moving up the economic ladder have plummeted.

In the 1940s, over 90% of Americans earned more than their parents. Today, that number has dropped to just 50% for those born in the 1980s 3. This isn’t about the rich getting richer—it’s about hardworking Americans being denied the chance to get ahead.

The system is rigged against us, folks. But it’s not because of income gaps; rising opportunities have been systematically stripped away. We must create absolute economic mobility, not just complain about who has what.

It’s time to break free from these chains and reclaim our future! We must fight for policies that create genuine opportunities for all Americans, not just handouts that keep people dependent on the government. Let’s embrace free market solutions and entrepreneurship to build a stronger, freer America where every patriot can thrive!

The Power of Education – School Choice is the Key

We’ve been lied to about our education system, folks. The truth is our public schools are failing our children, especially those in low-income areas. It’s not just a problem; it’s a crisis. It’s time to break free from this broken system and embrace school choice as the key to unlocking opportunity for all American families.

Broken Education System:

Public schools in low-income areas are underfunded and failing—students are trapped because of their ZIP code.

The harsh reality is that some schools have quality facilities while others struggle with leaking ceilings and outdated textbooks. It’s no wonder achievement gaps exist when the playing field is so uneven. The current funding approach leaves schools serving low-income and minority students at an inherent disadvantage. According to the Education Trust, districts with the highest concentrations of black, Latino or Native American students receive around $1,800 less per student than districts educating minor students of color 1 [7].

The Solution is School Choice:

Allowing parents to choose the best schools for their children opens doors to a better future for low-income families.

School choice, the policy or practice of allowing parents to choose the best educational options for their children, is the answer to this injustice [8]. By empowering parents to choose the best educational options for their children, we can break the chains of ZIP code-based education and open doors to a brighter future for all families [8]. It’s time to put the power back in the hands of parents, not bureaucrats.

Supporting Data: Studies show that school choice programs increase college enrollment rates by 6-10%, and for African Americans, it’s as high as 24%.

The evidence is clear: school choice works. It’s not just a theory; it’s a proven solution. Studies have shown that private school choice programs positively affect college enrollment and graduation rates. In Florida, 57% of Tax Credit Scholarship students enrolled in college compared to 51% of non-participants – a 12% increase. The impact is even more significant for African American students, with some programs showing increases in college enrollment rates as high as 24%. This is the change we need to see.

It’s time to unleash opportunity through school choice and empower families, not bureaucrats. By embracing free-market solutions in education, we can build a stronger, more prosperous America where every child has the chance to succeed, regardless of their ZIP code [9].

Occupational Licensing – Another Barrier to Economic Freedom

We’ve been sold another lie, patriots. The government’s occupational licensing requirements hinder economic freedom, trapping hardworking Americans in poverty. It’s time to expose this injustice and tear down these unnecessary hurdles!

Licensing Gone Mad:

Overly burdensome licensing requirements are keeping people out of well-paying jobs and trapping them in poverty.

Key Fact: On average, low-income workers must complete nearly a year of education, pay $260 in fees, and take multiple exams just to get licensed for basic jobs.

The truth is that occupational licensing has gone mad in America. In the 1950s, only 5% of workers needed a government license to do their jobs. Today, that number has skyrocketed to over 20% 1. This isn’t about protecting consumers—it’s about protecting special interests and keeping hardworking Americans down.

Let’s look at the facts: Washington state’s average low- and moderate-income jobs license requires 171 days of education and experience 2. That’s nearly half a year of your life wasted on unnecessary training! And it gets worse. Across the nation, low-income workers face an average of almost a year of education, $260 in fees, and multiple exams just to get licensed for basic jobs 3. This is highway robbery, plain and simple.

Reform Occupational Licensing:

We must tear down these barriers so more people can access higher-paying careers and economic mobility.

It’s time to break free from these chains and reclaim our economic freedom! We need to reform occupational licensing now. Studies show that licensing increases wages for licensed workers by 10% to 18% 4. But that’s not because they’re providing better services – they’ve created an artificial monopoly, driving up consumer costs and keeping others out of the market.

These licensing requirements are hitting our most vulnerable citizens the hardest. Low-income workers, immigrants, and military spouses are all struggling to overcome these unnecessary barriers. It’s time to put the power back in the hands of the people, not bureaucrats and special interests.

We need to embrace free-market solutions and tear down these barriers to entry. Let’s follow the lead of states like Nebraska and Arizona, which have implemented reforms to make it easier for people to work. By reducing licensing requirements and recognizing out-of-state licenses, we can unleash the entrepreneurial spirit that made America great.

The Success of Opportunity Zones

We’ve been told that government handouts are the only way to help struggling communities, but that’s another lie. The Opportunity Zone program, created by the Tax Cuts and Jobs Act of 2017, proves that free-market solutions can revitalize our neglected neighborhoods.

Real Economic Impact:

The Opportunity Zone program, created by the Tax Cuts and Jobs Act of 2017, attracts billions in investments to low-income areas.

Robust Data: $75 billion invested, and potential poverty reduction by 11%, helping around 1 million Americans.

Let’s look at the facts, patriots. By the end of 2020, Opportunity Zones had unleashed a staggering $48 billion in direct equity investments for low-income communities 1. That’s real money flowing into areas that have been ignored for decades. And it’s not slowing down – private data suggests that investments have likely doubled since then, potentially reaching $100 billion by 2022 2.

This isn’t just about numbers on a spreadsheet. We’re talking about real impact on the ground. By the end of 2020, nearly half of all designated Opportunity Zones—about 3,800 communities—had already seen investment activity 3. This program is reaching places left behind for far too long.

Expand and Refine:

We need to grow this program, not limit it so that more Americans can benefit from job creation and investment in their communities.

The success is undeniable, but we must continue. We must expand and refine this program to unleash more opportunities across America. The evidence shows that Opportunity Zones are delivering “economically significant” levels of investment per capita that are “large relative to prior federal place-based programs” 4.

But here’s the kicker – this isn’t just about throwing money at a problem. Opportunity Zones are creating real jobs and improving lives. One study estimates 780,862 new jobs have been created in Opportunity Zone tracts 5. That’s nearly a million Americans with new opportunities to build a better future.

It’s time to double down on what works. Let’s expand Opportunity Zones and cut through the red tape holding back investment. This is how we build a stronger, more prosperous America – not through government handouts but by unleashing the power of free markets and entrepreneurship in every community.

The Engine of America – Small Businesses

We’ve been told that big corporations are the backbone of our economy, but that’s another lie, patriots. The truth is that small businesses are the absolute powerhouse driving America forward. Let’s expose the facts and unleash the potential of our entrepreneurial spirit!

Small Businesses Are the Backbone:

Small businesses create two-thirds of new jobs in America, yet they’re drowning in government regulations and taxes [10].

The numbers don’t lie, folks. Over the past 25 years, small businesses have generated a staggering 12.9 million net new jobs, accounting for two out of every three jobs added to the economy 1 [11]. That’s right – 66% of all new jobs come from small businesses, not big corporations 2.

But here’s the kicker – these job creators are being suffocated by government red tape and crushing taxes. The COVID-19 pandemic has made this burden even heavier. Small businesses are drowning in regulations that big corporations can easily navigate, but it’s a constant struggle for the little guy to stay afloat.

Simplify the Tax Code:

We must reduce regulatory burdens and simplify taxes to allow small businesses to grow and thrive, creating jobs and economic opportunities for all Americans [12].

It’s time to break free from these chains and unleash the power of American entrepreneurship! We must simplify the tax code and cut through the regulatory jungle holding back our small businesses. The Office of Advocacy’s efforts have already led to $2.26 billion in quantifiable small business regulatory compliance cost savings in FY 2020 3. But that’s just the tip of the iceberg – we must go further!

Reducing the regulatory burden and simplifying taxes can unleash innovation and job creation across America [13]. It’s not just about helping business owners – it’s about creating opportunities for every hardworking American to climb the economic ladder.

Income Mobility Over Equality – The True Path to Prosperity

Let’s face it, patriots: the elites have been pushing for income equality as the solution to our economic woes. But that’s just another trap to keep hardworking Americans down. We need to focus on what matters – income mobility. It’s not about making everyone equal; it’s about giving every American the chance to rise through hard work and innovation.

The truth is that income mobility in America has been declining over the past few decades. In the 1940s, over 90% of Americans earned more than their parents. Today, that number has dropped to just 50% for those born in the 1980s 1. This isn’t about the rich getting richer – it’s about hardworking Americans being denied the chance to get ahead.

So, how do we fix this? By embracing free-market solutions that create pathways to prosperity, we need to double down on school choice, giving parents the power to send their children to better schools. We must tear down the barriers of occupational licensing that keep people trapped in low-wage jobs. And we need to support entrepreneurship and small businesses—the engines of job creation and economic growth [14].

The evidence is clear: free markets work. Countries that rank highly in indices of economic freedom – based on factors like low taxes and minimal regulations – include Singapore, Switzerland, and Ireland 2 [15]. These are the models we should be following, not the failed socialist policies that have trapped so many in poverty.

It’s time to unleash opportunity through free-market policies and empower families, not bureaucrats. By embracing these solutions, we can build a stronger, more prosperous America where every patriot has the chance to succeed.

Conclusion:

The Path Forward – Creating Opportunity, Not Handouts

Creating genuine opportunities, not handouts is the path to a prosperous America. By embracing free-market solutions like school choice, occupational licensing reform, and supporting small businesses, we can unlock the potential of every hardworking American. These approaches have a powerful impact on boosting economic mobility and empowering individuals to climb the ladder of success.

To take back America’s future, we must reject high taxes and excessive government control. Instead, we should focus on expanding programs that work, like Opportunity Zones, which bring real investment and jobs to neglected communities. By championing these solutions and supporting entrepreneurship, we can build a nation where the American Dream is within reach for all. The power to shape our destiny is in our hands – it’s time to act and create a more accessible, more prosperous America for generations to come.

FAQs

What are the advantages of entrepreneurship for American society?

Entrepreneurship contributes to the American economy by creating 70% of new jobs and representing over half of the non-farm private GDP. Small businesses, mainly those holding patents, are crucial for innovation, producing 13 to 14 times more patents per employee than larger firms.

Who was named the Entrepreneur of the Year in 2023?

Vellayan Subbiah, the Executive Vice Chairman of Tube Investments of India, was honored as the Entrepreneur of the Year 2023 in India. He will represent India at Monaco’s EY World Entrepreneur Of The Year Award.

What is the most profitable business to start in the USA in 2023?

Starting a business within the financial services sector could be highly profitable in 2023. This sector, including money centers and non-bank financial services, typically has around 26-27% profit margins. Opportunities include opening an insurance agency as a broker for significant insurance companies.

What are five ways that entrepreneurship benefits the economy?

Entrepreneurship boosts the economy by